ROYAL BANK OF SCOTLAND LIFE INSURANCE The Royal Bank of Scotland Group [RBS Group] was established in 1727. The RBS Group is the largest banking group in Scotland, the 2nd largest in the UK and Europe, the 5th largest in the world by market capitalisation and currently in the top  15th largest company in the world according to Forbes Global 2000. The RBS Group main subsidiary companies are: The Royal Bank of Scotland; National Westminster Bank; Ulster Bank; Drummonds and Coutts & Co. Insurance companies include Churchill Insurance, Direct Line, Privilege, and NIG. In 2000 the bank reportedly transferred National Westminster Life Assurance Limited to RBS Life Investments Limited, effectively establishing the business as a joint venture with Norwich Union.  Royal Bank of Scotland RBS Life Insurance was set up to help provide life insurance for their customers via their branch network. RBSInsurance life products are via Royal Scottish Assurance which in early 2000 was a joint venture with Scottish Equitable. Products include over 50's lifecover, Life insurance cover, decreasing (mortgage protection) or level term assurance, Life with Critical Illness, Income Protection and Un-Employment cover. Looking in 2008 to compare RBS Life Insurance Cover against other Uk Insurers > Need a Competitive Life or Critical Illness Insurance Quote ?